Madison - St. Clair Record

Wednesday, February 26, 2020

Collections agency sues for triple the amount owed on a student loan

By Carol Ostrow | Jun 16, 2015

St clair cty courthse

A finance corporation is suing a student for nearly triple the amount she owes after she allegedly failed to pay back loans.

Brazos Student Finance Corporation as assignee of Richland State Bank filed a lawsuit on May 29 in St. Clair County Circuit Court against Jamie Lynn Aaron of Belleville, claiming default on an original loan agreement.

According to the complaint, the defendant is indebted to the plaintiff’s Assignor, Richland State Bank. The suit states that after offsets and credits due to the defendant, the remaining balance due on the note is $22,597.53.

The complaint states that the student’s last payment was made on May 22, 2013; that demand for payment was made and refused; and the lawsuit is an attempt to collect a debt in the principal amount of $22,597.53, plus interest of $4,031.57, totaling $26,629.10.

The plaintiff also asks that the defendant be obligated to pay attorney’s fees, amounting to $20,573.70 plus $3,670.45 in interest; and $21,973.54 plus $3,920.00 in interest.

Therefore, the plaintiff seeks an aggregated total of $65,144.77 plus $11,622.22 in interest, for a grand total of $76,766.99, plus post-judgment interest, and costs.

The collection firm is represented by Gary Underwood and Jeanine Armstrong of Underwood Law Firm in St. Louis.

St. Clair County Circuit Court case number 15-L-323

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